Stock Market News: After touching all-time high on Thursday, the domestic stock market slipped and finally closed with almost flat trend. The 30-share Sensex of BSE closed with a slight gain of 111 points, while the Nifty 50 of NSE also ended the session with a gain of 10 points. During trading, the Sensex at one time jumped 446.35 points to reach its new record level of 86,055.86.
flat bandh day
The previous all-time high of Sensex was 85,978.25 points on September 27, 2024. Nifty also rose by 105.15 points during the session to reach a new peak of 26,310.45, but finally closed at 26,215.55 with a gain of just 10.25 points (0.04%). The previous record level of Nifty was also on 27 September 2024, when it had reached 26,277.35 points.
This was the second consecutive trading session when the market showed bullishness. On Wednesday, Sensex had risen by 1,022.50 points and Nifty by 320.50 points. On Thursday, among the Sensex companies, shares of Bajaj Finance, ICICI Bank, Hindustan Unilever, Bajaj Finserv, HCL Tech and HDFC Bank were the strongest. On the other hand, a decline was seen in the shares of Maruti, Eternal, UltraTech Cement and SBI.
What do experts say?
Vinod Nair, Head of Research, Geojit Investments Limited, said that in the volatile session, Nifty and Sensex temporarily touched new records, but the gains remained limited due to increased profit-booking in the second half. The BSE small-cap index fell 0.38%, while the mid-cap index slipped 0.01%.
Ponmudi R, CEO of Enrich Money. According to, expectations of interest rate cuts in America have improved global risk appetite, which benefited Indian markets.
According to stock market data, on Wednesday, FIIs bought shares worth Rs 4,778.03 crore, while DIIs bought shares worth Rs 6,247.93 crore. So far in this calendar year, Sensex has risen 7,581.37 points (9.70%) and Nifty has risen 2,570.75 points (10.87%).
Asian markets—South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng—closed in positive territory. European markets were slightly up in afternoon trading. American markets also closed sharply on Wednesday. Meanwhile, global benchmark Brent crude fell 0.05% to $ 63.10 per barrel.
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